PZ Parabolic SA R EA
This professional-grade solution for MetaTrader 4 helps traders achieve greater efficiency in their daily workflow. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use PZ Parabolic SA R EA
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
Description & Settings
The developer of this Expert Advisor is Arturo Lopez, founder of .
The Parabolic Sar is one of the most popular basic trading strategies. It uses two Parabolic Sar with different periods to determine the direction of the trend and the exit level. The slow PSAR determines when to buy or sell, and the faster PSAR determines the exit level. It is a very good semi-automated trading tool for intraday trading.
Features:
Fully configurable Parabolic Sar (Step and Maximum)
Works for ECN/Non-ECN brokers and 2-3-4-5 digit symbols
ATR-Based initial Stop-loss (Default is ATR(30)*2.5)
Optional ATR-Based Trailing-stop (Disabled by default)
Money Management (Default risk is 2%)
Optional Partial Closing of profitable trades
Optional Break-even of profitable trades
Trades are always closed on opposite signals
Configurable trading hours
